Iran Raises Price of Petrol as US Applies Economic Pressure

 Vehicles pass a banner showing a portrait of the Iranian Supreme Leader Mojtaba Khamenei, in downtown Tehran, Iran, Monday, Aug. 31, 2026. (AP)
Vehicles pass a banner showing a portrait of the Iranian Supreme Leader Mojtaba Khamenei, in downtown Tehran, Iran, Monday, Aug. 31, 2026. (AP)
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Iran Raises Price of Petrol as US Applies Economic Pressure

 Vehicles pass a banner showing a portrait of the Iranian Supreme Leader Mojtaba Khamenei, in downtown Tehran, Iran, Monday, Aug. 31, 2026. (AP)
Vehicles pass a banner showing a portrait of the Iranian Supreme Leader Mojtaba Khamenei, in downtown Tehran, Iran, Monday, Aug. 31, 2026. (AP)

Iranian authorities on Sunday announced they were raising the price of petrol for heavier consumers, as the United States steps up sanctions seeking to isolate the country's economy.

Iran's quota system prices petrol in three tiers -- 1,500 tomans per liter for a consumer's first 60 liters in a given month, 3,000 tomans per liter for their next 50, and 5,000 tomans per liter after that. The toman is an informal unit equivalent to 10 Iranian rials.

On Sunday, government spokeswoman Fatemeh Mohajerani said the price for the third tier would double to 10,000 tomans (about 4.5 US cents).

"The rate will increase to 10,000 toman rials from the morning of September 8," Mohajerani said in remarks carried by state media.

"Different numbers were mentioned in expert meetings, but because the president had promised the people, the rate of 10,000 tomans was set," she added.

She later clarified that the price of the first and second tiers would not be changed.

Iran, a major oil producer with some of the world's cheapest fuel, has for years heavily subsidized petrol, making any changes to pricing politically sensitive.

The development comes as the Iranian currency was trading on the black market Sunday at more than 2.2 million rials to the US dollar, according to websites that track the rate.

Before the start of the Middle East war on February 28, the rial traded at around 1.7 million to the dollar, and in late April it hit what was then a record low of 1.8 million.

Late last month, US Treasury Secretary Scott Bessent laid out plans for the "economic asphyxiation" of Iran, hoping to use financial pressure to hasten the end of the war.

The new measures build on a sanctions regime by the US and allies that has been in place since 2018, when President Donald Trump withdrew from an international deal struck with Tehran on its nuclear program.

The United States has also put Iran's ports under a naval blockade, attempting to reduce its oil exports to zero.



Netanyahu’s Somalia Map Revives Fears of Partition

From the Somali capital, Mogadishu (Reuters)
From the Somali capital, Mogadishu (Reuters)
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Netanyahu’s Somalia Map Revives Fears of Partition

From the Somali capital, Mogadishu (Reuters)
From the Somali capital, Mogadishu (Reuters)

A map unveiled by Israeli Prime Minister Benjamin Netanyahu has sparked outrage in Somalia, which accused him of undermining its sovereignty and territorial integrity by depicting Puntland and Somaliland as separate states.

The map has reignited fears of partition in a country already grappling with deep divisions. Puntland remains at odds with the federal government, while Israel recognized the breakaway region of Somaliland several months ago.

Somalia rejects the map

Somalia's federal government "categorically rejected" what it called a "misleading map" displayed during Netanyahu's news conference on Sunday, saying it portrayed the country as fragmented.

It condemned the move as "a flagrant violation of Somalia's sovereignty, territorial integrity and internationally recognized borders."

In a statement issued by the Information Ministry on Wednesday evening, the government reaffirmed its unwavering commitment to national sovereignty and the unity of its territory and people.

It stressed that Somaliland and Puntland remain "integral and inseparable parts of the unified, sovereign Somali state."

The government warned that any attempt by foreign officials or outside parties to redraw Somalia's political map, misrepresent its borders or undermine its territorial unity would constitute a direct violation of international law and diplomatic norms.

It urged the international community and its partners to respect Somalia's independence and territorial integrity, pledging to uphold its constitutional duty to defend the country's sovereignty and national unity.

Netanyahu displayed the map, titled "Geopolitical Alliances in the Middle East," during an Israeli national security briefing on Oct. 18. It placed Puntland and Somaliland in geopolitical categories linked to Israel.

For Mogadishu, the controversy goes beyond the map itself.

Abdulwali Jama Barre, an African affairs expert and co-founder of the Somali Academy of Leadership and Global Affairs, said the government's response underscored its determination to preserve Somalia's unity and reject any treatment of its regions as independent states.

But Barre drew a distinction between the map's depiction and formal recognition of independence.

"Showing Somali territories under separate geopolitical classifications does not, in itself, mean the map formally declared them independent states," he told Asharq Al-Awsat.

"However, the Somali government viewed the depiction as fragmenting the country's political map and undermining its internationally recognized borders."

Barre said the dispute carried particular weight given Somaliland's contested political status, its ties with Israel and fears in Mogadishu that foreign involvement could weaken Somalia's unity.

The deeper concern, he said, is that foreign powers could increasingly treat Somali regions as entities separate from the federal state.

That risk would grow if symbolic gestures were followed by concrete steps or new formal arrangements amid the country's existing political disputes, he added.

Deep divisions

Somaliland's strategic location adds another dimension to the dispute.

The breakaway region stretches along 740 kilometers of the Gulf of Aden coastline, occupying a key position at the junction of the Indian Ocean and the Red Sea in the Horn of Africa. It is also home to the strategically important Port of Berbera.

Since breaking away from Somalia in 1991, Somaliland had failed to secure international recognition until Israel recognized it, a decision Mogadishu firmly rejects, with Arab countries backing its position.

The map controversy comes as tensions between Somalia's federal government and Puntland remain unresolved.

In May, Puntland President Said Abdullahi Deni declared that he no longer recognized Hassan Sheikh Mohamud as Somalia's legitimate president, accusing him of illegally abusing his presidential powers.

Deni called for an urgent gathering of Somalia's political parties to agree on an inclusive electoral process.

The dispute is part of a broader rift between Puntland and Mogadishu. Over the past year, the regional administration has repeatedly challenged Mohamud's positions and refused dialogue with him.

Deni has also joined the opposition Somali Future Council, which is demanding the government's departure.

At the time, Somalia's federal Interior Minister Ali Yusuf Ali, known as Hosh, sharply criticized Deni, calling him "an obstacle to the state, the country's unity and its development."

Barre warned that such internal divisions must be addressed through constitutional and political dialogue to prevent disputes between Mogadishu and regional administrations, particularly Puntland, from becoming an arena for foreign competition.

He urged Mogadishu to pursue diplomatic action on several fronts, beginning with a formal protest to Israel and a request for clarification about the map and the circumstances in which it was presented.

Somalia should also raise the matter with the United Nations, African Union, Arab League and Organization of Islamic Cooperation, seeking assurances of respect for its sovereignty and territorial integrity, he said.

At home, Barre stressed the need for renewed dialogue between the federal government and regional administrations, especially Puntland, to resolve their differences within an agreed constitutional framework.


Trump: Iran is Trying to Drive Up Oil Prices Before Midterm Elections

21 October 2026, US, Washington: US President Donald Trump speaks to the press at the White House before departing for South Carolina. Photo: Matt Kaminsky/ZUMA Press Wire/dpa
21 October 2026, US, Washington: US President Donald Trump speaks to the press at the White House before departing for South Carolina. Photo: Matt Kaminsky/ZUMA Press Wire/dpa
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Trump: Iran is Trying to Drive Up Oil Prices Before Midterm Elections

21 October 2026, US, Washington: US President Donald Trump speaks to the press at the White House before departing for South Carolina. Photo: Matt Kaminsky/ZUMA Press Wire/dpa
21 October 2026, US, Washington: US President Donald Trump speaks to the press at the White House before departing for South Carolina. Photo: Matt Kaminsky/ZUMA Press Wire/dpa

US President Donald Trump said on Thursday that Iran was doing all it could ⁠to drive up ⁠the price of oil before ⁠the US midterm elections.

"They are even making up fake hits, mines, and everything else," he said ⁠in ⁠a Truth Social post.

Iran's state television reported on Thursday that seven oil tankers were either struck by attacks or hit naval mines in the Strait of Hormuz overnight, possibly the largest single-day number of vessels damaged in the waterway since the Iran war started on Feb. 28.

Quoting a statement by the Revolutionary Guard's navy, the Iranian report said four of the tankers were transferring oil when they were targeted and caught fire. Three more were damaged and immobilized after hitting naval mines. The report didn't provide details about possible casualties or the tankers' flags.

Oil prices climbed about 2% to a five-month high on Thursday.

Brent futures rose $2.42, or 2.2%, to $111.24 a barrel at 10:45 a.m. EDT (1445 GMT), while US West Texas Intermediate (WTI) crude rose $1.14, or 1.2%, to $98.29.

That drove Brent into technically overbought territory for a third time in a week and set for its highest close since May 18.


French Justice Minister: 217 People Jailed Over Riots

France's Justice Minister Gerald Darmanin leaves after attending the weekly cabinet meeting at the Elysee Palace in Paris on October 22, 2026. (Photo by Ludovic MARIN / AFP)
France's Justice Minister Gerald Darmanin leaves after attending the weekly cabinet meeting at the Elysee Palace in Paris on October 22, 2026. (Photo by Ludovic MARIN / AFP)
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French Justice Minister: 217 People Jailed Over Riots

France's Justice Minister Gerald Darmanin leaves after attending the weekly cabinet meeting at the Elysee Palace in Paris on October 22, 2026. (Photo by Ludovic MARIN / AFP)
France's Justice Minister Gerald Darmanin leaves after attending the weekly cabinet meeting at the Elysee Palace in Paris on October 22, 2026. (Photo by Ludovic MARIN / AFP)

French courts have jailed 217 people after convicting them in fast-track trials linked to last weekend's rioting, the justice minister said Thursday, hailing the judiciary's "extremely firm" response.

Speaking outside the Fleury-Merogis prison on the outskirts of Paris, Gerald Darmanin said 2,700 people had been detained since Saturday.

More than 1,000 of them had appeared in court, he said, of whom "217 people have been imprisoned... and this figure is continuing to rise a lot."

Darmanin told reporters that of the 217 sent to jail "half had no criminal record", adding that "in general these are men aged between 18 to 25."

"This shows that prosecutors and judges are imprisoning people who, until now, were not known to the judiciary and are first offenders. It shows that the decisions of the judiciary are being applied in an extremely firm way," AFP quoted him as saying.

Darmanin has vowed to oversee expedited trials to rapidly clear the backlog of cases and to serve as a deterrent. New protests over grievances including the rising cost of living are planned this weekend.

But he has faced criticism from some lawyers who have accused the judiciary of lurching into repression.

France, like many European countries, faces problems with prison overcrowding but Darmanin said the solution was not "to imprison fewer people, but to create more space in prison."

As of September 1, there were 90,020 inmates in French prisons, well above the capacity of 63,348 places and a new record, according to ministry statistics.